The scope of our recent study on the “Spirit Glass Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Capacity, Color of Glass, and Application” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The spirit glass packaging market size was valued at US$ 35,258.06 million in 2022 and is expected to reach US$ 47,357.29 million by 2028; it is estimated to register a CAGR of 5.0% from 2022 to 2028. Spirit glass packaging is a popular choice for packaging alcoholic beverages, and it offers several advantages over other packaging materials. One of the main benefits of using glass for spirits packaging is that it helps preserve the product’s quality. Glass is a non-porous material that does not absorb or retain flavors or aromas, which means that it does not affect the taste or aroma of the spirit inside. Due to all these characteristics of spirit glass packaging, they are widely used in packaging various spirits such as whiskey, vodka, rum, wine, beer, and others.
Based on application, the global spirit glass packaging market is segmented into whiskey, vodka, rum, wine, beer, and others. The beer segment held the largest spirit glass packaging market share in 2022. Spirit glass packaging is used in beer manufacturing as they are available in glass bottles of different capacities such as 375 ml, 500 ml, 650 ml, 750 ml, and 940 ml. Manufacturers of spirit glass packaging offer the product in a wide range of bottle shapes such as long neck, stubbies, growlers, etc.
The global spirit glass packaging market is segmented into five regions—North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global spirit glass packaging market in 2022. A major factor driving the spirit glass packaging market in Asia Pacific is the surge in consumer preference for glass packaging.
Impact of COVID-19 Pandemic on Spirit Glass Packaging Market
The COVID-19 pandemic adversely impacted the global economy and led to a slowdown in various industries.
The staffing shortage resulted in the deceleration of spirit glass packaging production and gaps in distribution operations. Disruptions in the global supply chain, surged demand for spirits (as customers stocked alcoholic beverages), and shutdown of glass packaging production facilities synergistically led to spiked prices of spirit glass packaging. Government restrictions and other social precautions hindered the production capacities of stakeholders involved in the spirit glass packaging ecosystem. In addition, lockdowns imposed by different countries in 2020 hampered the ability of industries to maintain inventory levels of spirit packaging.
The report includes the segmentation of the global spirit glass packaging market as follows:
The global spirit glass packaging market is segmented on the basis of capacity, color, and application. Based on capacity, the global spirit glass packaging market is segmented into upto 200 ml, 200 ml to 750 ml, above 750 ml. Based on color of glass, the spirit glass packaging market is segmented into bare glass, colored glass. Based on application, the spirit glass packaging market is segmented into whiskey, vodka, rum, wine, beer, and others. By geography, the global spirit glass packaging market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America spirit glass packaging market is further segmented into the US, Canada, and Mexico. The Europe spirit glass packaging market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific spirit glass packaging market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America spirit glass packaging market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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